Close Menu
BestNewsOnline
    Facebook X (Twitter) Instagram
    BestNewsOnline
    • Retirement planning
    • Insurance
    • Real estate
    • Subscription
    BestNewsOnline
    Home»Retirement planning»PBGC approves $66 million for Machinist Motor City pension plan
    Retirement planning

    PBGC approves $66 million for Machinist Motor City pension plan

    December 22, 20221 Min Read
    WhatsApp Facebook Telegram
    Executive Benefits and Compensation

    By Bloomberg Law Automation

    December 22, 2022, 7:15 p.m.

    The Pension Benefit Guaranty Corporation approved the International Association of Motor City Machinists’ pension plan for a $66 million infusion of financial assistance, according to the agency on Thursday.

    The plan, based in Troy, Michigan, will receive the money under the special financial assistance program enacted under the American Rescue Plan Act of 2021, which will allow it to pay future benefit payments. pension without reduction. The plan includes 953 participants from the manufacturing industry, the agency said.

    The Machinists Motor City Plan previously suspended benefits under the Multiemployer Pension Reform Act of 2014 to address…

    Bloomberg Law Automation

    © 2022 Bloomberg Industry Group, Inc.

    All rights reserved

    Add A Comment
    Leave A Reply Cancel Reply

    What's hot

    WTW, Citi and FCIA launch RA facility with credit insurance

    November 22, 2022

    Opinion: Life expectancy in the United States has fallen. What does this mean for your retirement?

    January 10, 2023

    Market experts reflect on Nashville real estate prospects

    December 6, 2022

    Valcre, the Leading Commercial Real Estate Appraisal Software, Raises $12.7M in Series A Funding Round

    November 15, 2022
    Don't miss

    The real estate market emerges from a year of change – goskagit.com

    January 22, 2023

    News from real estate agents of December 17, 2022

    December 17, 2022

    China’s outlook darkens further on fresh COVID-19 surge and real estate crisis

    November 16, 2022
    Picked for you

    LACERA invites tenders for the system’s emerging real asset management program

    Retirement planning February 2, 2023

    The Los Angeles County Employees Retirement Association invites proposals from qualified companies to implement the…

    BestNewsOnline.net is owned and managed by

    Top10 International FZ LLE
    Office 2002, 20th Floor, Creative Tower
    Fujairah, United Arab Emirates
    TRN: 100608946800003

    • Home
    • Contact us
    • Privacy policy
    • Terms and services

    Type above and press Enter to search. Press Esc to cancel.